EUR/JPY TECHNICAL ANALYSIS
We are finally seeing a shift in market structure on this pair, we have broken the first few demand zones and now price is gaining momentum to the down side.
We have interesting zones of interests in both directions, considering the short term structure and momentum but the main ones I’m looking at are the 163.000 and the 161.000.
So now it’s important to wait for this week’s price action to know which one we will be acting on first, keep this level on your chart and wait for confirmation on the lower time frame
We are finally seeing a shift in market structure on this pair, we have broken the first few demand zones and now price is gaining momentum to the down side.
We have interesting zones of interests in both directions, considering the short term structure and momentum but the main ones I’m looking at are the 163.000 and the 161.000.
So now it’s important to wait for this week’s price action to know which one we will be acting on first, keep this level on your chart and wait for confirmation on the lower time frame